Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Environment Sydney

Australian EV sails increase (Carola Frentzen/picture alliance via Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Mar 27, 2023

Australian EV Sales Finally Hit the Gas 

Australia is seeing record Tesla sales as supply chains clear and tax incentives become more common. 

Key Details

  • Electric vehicles (EVs) are seeing record sales in the U.S., with 7.1% of all car sales in January being electric.
  • Those records are beginning to reflect in Australian sales as well. Supply-chain stress previously increased the wait times for new Tesla Model 3s in Australia to nine months, but recent improvements have dropped the time down to a week. 
  • Second-hand Tesla sales have also improved, with used prices on one-year-old models decreasing below $100,000, Bloomberg reports.

Why It’s Important 

The rapid proliferation of EVs has resulted in record sales for the industry but also resulted in backlash from politicians and activists, who fear the EVs risk existing markets and jobs. As we previously reported, politicians from Wyoming and Mississippi have pushed legislation against EV proliferation and required EV dealers like Tesla to operate within existing dealership laws in an effort to protect local economies.  

Australia has seen similar laws as well and generally lagged behind other western nations in EV sales. Its previous Prime Minister, Scott Morrison, campaigned against EVs, which contributed to lower supply chain access and sales, Bloomberg notes. 

The current administration—under Australian Labor Party Prime Minister Anthony Albanese—has done more to encourage EV sales during his term since he was sworn-in in May 2022. He has introduced tax exemptions that have helped boost sales and encouraged renewed fuel-efficiency standards that progressively remove gas-powered vehicles from service. 

Backing up a Bit 

The global push for EVs has responded to renewed environmental action within the past year, with the U.S.’s Inflation Reduction Act and the U.N.’s European Sovereignty Fund creating incentives for domestically produced clean energy solutions—in an effort to meet the global goal of net-zero carbon emissions by 2050. 

Early indicators suggest that the EV market is still nowhere near mass adoption. As we previously reported, EVs remain a luxury good that isn’t affordable by most car buyers.  Toyota CEO Akio Toyoda spoke last fall that he is less optimistic that the market will embrace EVs at the rate major automakers are pushing them out and will continue producing and selling gas vehicles for the foreseeable future.

Home / News / Australian EV Sales Finally Hit the Gas 
Share
FacebookTweetEmailLinkedIn

Related Stories

Senate And House Battle Over Debt-Ceiling Bill

by Hannah Bryan Leaders Staff
Public Policy

8 hours ago

debt ceiling

The U.S. Senate has announced hearings for committees to analyze the debt-ceiling bill passed by the Republican-led House last week. 

Key Details

  • Though the White House has stood firm in its refusal to negotiate the debt-ceiling terms with House Speaker Kevin McCarthy (R-CA), the House passed a bill last week to jumpstart negotiations. 
  • Senate Majority Leader Chuch Schumer (D-NY) announced Monday that Senate committees would evaluate the recently passed bill.
  • While McCarthy’s bill attempts to bring President Joe Biden to the table, the bill is unlikely to pass in the Senate. 
  •  "The president says, 'I'm not going to talk to him until he offers a plan,’" McCarthy says. "Not only did we offer a plan, we passed it.”

Go deeper

FacebookTweetEmailLinkedIn

Gen Z Is Changing Workplace Habits

by Hannah Bryan Leaders Staff
Company Culture

10 hours ago

working late

Remote work has opened the door for many changing workplace traditions, including changing the nine-to-five workday. 

Key Details

  • Hard workers and early risers are often associated with one another, but a recent study shows that most Gen Z employees prefer to begin their work at 6 p.m.
  • In an Adobe study that sampled workers in the UK, U.S., and Japan, younger workers were found to be more productive in the evenings, Fortune reports. 
  • These younger employees prefer to work through the night and spend their downtime during the daylight hours. 
  • Only 6% of Boomers reported being productive from 6 p.m. to 3 p.m. compared to 26% of Gen Zers. 

Go deeper

FacebookTweetEmailLinkedIn

Phoenix Suns Shift From Traditional Broadcasting 

by Tyler Hummel Leaders Staff
Entertainment

11 hours ago

The owner of the Phoenix Suns and Phoenix Mercury is striking out on his own—shifting away from traditional broadcasting deals. 

Key Details

  • The bankruptcy of Diamond Sports Group in March has resulted in numerous sports teams attempting to void their streaming contracts. 
  • Two Phoenix, Arizona-based teams are making a similar attempt, shaking their traditional local streaming contract with Bally Sports Arizona to seek new opportunities. 
  • Both teams announced on Friday that games will be broadcast on over-the-air local television in Phoenix, Tucson, and Yuma and that free broadcasts will be made available through streaming. 
  • Diamond has argued that the announcement is a breach of contract for the sports teams, while ESPN is warning that the decision could cost tens of millions of dollars in the short term for the teams. 
  • The team owner believes the change will “more than triple the reach” of their audience. 

Go deeper

FacebookTweetEmailLinkedIn
Markets

11 hours ago

Dimon Says: (Part Of) the Banking Crisis Is Over 

by Tyler Hummel Leaders Staff
right to repair
Business

12 hours ago

Farmers Still Struggle To Fix John Deeres

by Hannah Bryan Leaders Staff
amazon ads
Business

14 hours ago

Amazon’s A-To-Z Adage Does Include Ads

by Hannah Bryan Leaders Staff

Recent Articles

Personal Growth

16 hours ago

How Adaptability Can Make or Break Your Career in the Coming Years

The business world is always changing, making adaptability a necessary skill.

Wealth

Apr 27, 2023

How to Make an Extra $1000 a Month Starting With Only $100 

You can make an extra $1000 per month with a small upfront investment or a part-time job.

Leadership

Apr 26, 2023

Narcissists in the Workplace: Signs Your Coworker or Boss Might Be One of Them

Narcissistic bosses do whatever it takes to gain success and power.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com

x